JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Hits New 52-Week High – Still a Buy?

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $72.23 and last traded at $72.18, with a volume of 181009 shares trading hands. The stock had previously closed at $71.00.

JPMorgan U.S. Quality Factor ETF Price Performance

The stock has a 50 day moving average price of $67.78 and a 200-day moving average price of $64.97. The stock has a market capitalization of $7.93 billion, a P/E ratio of 23.86 and a beta of 0.91.

Institutional Trading of JPMorgan U.S. Quality Factor ETF

A number of institutional investors have recently modified their holdings of JQUA. Operose Advisors LLC lifted its holdings in JPMorgan U.S. Quality Factor ETF by 65.5% in the fourth quarter. Operose Advisors LLC now owns 594 shares of the company’s stock worth $38,000 after buying an additional 235 shares during the period. Lloyd Advisory Services LLC. purchased a new stake in JPMorgan U.S. Quality Factor ETF in the fourth quarter worth about $39,000. Wealth Watch Advisors INC purchased a new stake in JPMorgan U.S. Quality Factor ETF in the third quarter worth about $57,000. Smartleaf Asset Management LLC lifted its holdings in JPMorgan U.S. Quality Factor ETF by 1,782.1% in the second quarter. Smartleaf Asset Management LLC now owns 1,054 shares of the company’s stock worth $63,000 after buying an additional 998 shares during the period. Finally, Longview Financial Advisors LLC purchased a new stake in JPMorgan U.S. Quality Factor ETF in the third quarter worth about $66,000.

About JPMorgan U.S. Quality Factor ETF

The JPMorgan U.S. Quality Factor ETF (JQUA) is an exchange-traded fund that is based on the JP Morgan US Quality Factor index. The fund selects companies from the Russell 1000 using three quality factors: profitability, earnings, and solvency. JQUA was launched on Nov 8, 2017 and is managed by JPMorgan Chase.